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What does that do to your profitability? Many companies run with less than a 10% profit to start with. You can do your own math on what this will mean to you. A “relative devaluation” occurs when the foreignexchange value of one currency drops against the exchange value of other currencies.
And at that point, foreignexchange and futures and derivatives were just starting. ” RITHOLTZ: So people also should realize, for those of you who’ve never traded futures, it’s not like options where essentially you could put up your losses in advance and all they could do is go to zero. RITHOLTZ: Right.
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